01/10/2016 - Was Friday's NFP a "Goldilocks" report for oversold US equities?

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* Was Friday's NFP a "Goldilocks" report for oversold US equities?
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
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* Global Data Highlights

Hopes were high heading into today's US jobs report, and at least on a headline basis, the report did not disappoint.

Traders were looking for another reading slightly above 200k, which would be essentially in line with the 12-month average heading into today's release (~220k), but as it turns out, the US economy actually created an eye-catching 292k jobs in the month of December. The cherry on top of December's strong job growth was a +50k revision to the previous two months' reports, which made the apparent Q4 slowdown in the labor market look far more like noise than a signal of a sputtering economy... Full text »


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